The global cement market is expected to grow by 5.5% annually to reach US$236.3 billion in 2025.
Global cement market recorded strong growth during 2020-2024, achieving a CAGR of 6.2%. Growth momentum is expected to remain positive, with the market projected to expand at a CAGR of 5.2% during 2025-2029. By the end of 2029, the cement market is projected to expand from its 2024 value of US$224.1 billion to approximately US$289.0 billion.
The global cement industry is navigating a pivotal transformation driven by decarbonization mandates, infrastructure-led recovery, and emerging market shifts. While demand in developed markets has moderated due to housing downturns and macroeconomic uncertainty, infrastructure and industrial construction in Asia, the Middle East, and Africa continue to fuel volume growth.
Industry leaders are responding to climate targets and investor pressure by deploying carbon capture technologies, scaling blended cements, and restructuring supply chains. With evolving green procurement regulations and capital market scrutiny, firms that embrace ESG-compliant operations, digital efficiency tools, and circular resource strategies will maintain competitiveness and resilience.
The global cement industry is transitioning from a volume-driven model to a sustainability-led, digitally optimized sector aligned with infrastructure, climate, and policy shifts. While regional disparities persist, decarbonization, digitalization, and procurement transparency are universal priorities shaping the competitive landscape. Firms that scale low-clinker innovation, deploy CCUS and circular resource strategies, and maintain supply chain resilience will remain central to global infrastructure delivery. Strategic success will depend on operational agility, policy alignment, and the ability to monetize sustainability leadership. With climate compliance becoming a license to operate, the cement sector is now at the frontline of delivering low-carbon urban and industrial growth worldwide.
The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view of emerging business and investment market opportunities.
Global cement market recorded strong growth during 2020-2024, achieving a CAGR of 6.2%. Growth momentum is expected to remain positive, with the market projected to expand at a CAGR of 5.2% during 2025-2029. By the end of 2029, the cement market is projected to expand from its 2024 value of US$224.1 billion to approximately US$289.0 billion.
The global cement industry is navigating a pivotal transformation driven by decarbonization mandates, infrastructure-led recovery, and emerging market shifts. While demand in developed markets has moderated due to housing downturns and macroeconomic uncertainty, infrastructure and industrial construction in Asia, the Middle East, and Africa continue to fuel volume growth.
Industry leaders are responding to climate targets and investor pressure by deploying carbon capture technologies, scaling blended cements, and restructuring supply chains. With evolving green procurement regulations and capital market scrutiny, firms that embrace ESG-compliant operations, digital efficiency tools, and circular resource strategies will maintain competitiveness and resilience.
The global cement industry is transitioning from a volume-driven model to a sustainability-led, digitally optimized sector aligned with infrastructure, climate, and policy shifts. While regional disparities persist, decarbonization, digitalization, and procurement transparency are universal priorities shaping the competitive landscape. Firms that scale low-clinker innovation, deploy CCUS and circular resource strategies, and maintain supply chain resilience will remain central to global infrastructure delivery. Strategic success will depend on operational agility, policy alignment, and the ability to monetize sustainability leadership. With climate compliance becoming a license to operate, the cement sector is now at the frontline of delivering low-carbon urban and industrial growth worldwide.
Regional Demand Patterns Are Diverging Amid Infrastructure and Housing Cycles
- Asia-Pacific Continues to Anchor Global Volume Despite Local Headwinds: China remains the largest global producer and consumer, though cement output has declined due to real estate contraction and tighter environmental controls.India and Southeast Asian markets like Indonesia and Vietnam are sustaining regional growth through government-led infrastructure and industrial park development.Export-reliant economies are recalibrating volumes as demand softens in China and the Philippines.
- North America Shows Mixed Recovery Trends: In the U.S., cement demand is buoyed by federally funded infrastructure projects, including highway upgrades, ports, and clean energy facilities.However, high interest rates and construction inflation are dampening private housing and commercial development across Canada and parts of the U.S.
- Europe Is Restructuring Cement Production Amid Carbon Compliance: EU nations are advancing cement decarbonization via carbon pricing, waste co-processing, and green procurement mandates.Demand is steady in public retrofits and energy-efficient building upgrades, but private sector starts remain weak due to economic pressures and energy costs.
- Middle East and Africa (MEA) Emerging as Growth Hotspots: Cement demand is rising across Saudi Arabia, Egypt, and Nigeria due to urban megaprojects, energy infrastructure, and housing programs.Capacity expansions are being aligned with Vision 2030 (Saudi Arabia), National Housing Strategies (UAE, Egypt), and Belt & Road-backed construction.
Global Leaders Are Accelerating Low-Carbon Innovation and Supply Chain Realignment
- Carbon Capture and Utilization Is Being Scaled Across Regions: Holcim, Heidelberg Materials, and Cemex have announced or initiated CCUS (Carbon Capture, Utilization, and Storage) projects in Europe, North America, and Asia.Governments in Norway, Canada, and Germany are co-financing pilot and commercial-scale plants tied to national decarbonization strategies.
- Low-Clinker and Blended Cements Are Expanding Across All Markets: CEM II and CEM III variants using slag, fly ash, limestone, and calcined clay are becoming mainstream in public procurement in the EU, U.S., and parts of Asia.Demand for SCMs (Supplementary Cementitious Materials) is rising globally, creating sourcing challenges in regions with limited local supply.
- Digitization of Operations and Logistics Is Gaining Traction: Cement producers are deploying AI-powered kiln optimization, digital emissions monitoring, and predictive maintenance to boost efficiency.End-to-end cement logistics and inventory platforms are helping reduce lead times and align dispatches with just-in-time site delivery across markets.
Production Is Constrained by Energy Costs, Environmental Compliance, and Material Access
- Fuel and Power Volatility Are Pressuring Global Cost Structures: Global energy disruptions, coal market volatility, and rising electricity tariffs are affecting kiln operations, especially in Europe, South Asia, and Latin America.Producers are transitioning to alternative fuels (RDF, biomass) and investing in WHR (waste heat recovery) and captive solar to manage volatility.
- Environmental Regulation and Carbon Pricing Are Increasing Operational Complexity: EU ETS, UK ETS, and national CO₂ taxes are raising compliance costs for high-emission plants, pushing firms to retrofit older facilities.Regulatory frameworks like Buy Clean (U.S., Canada) and carbon disclosure requirements are influencing procurement access and investor ratings.
- SCM Supply Constraints Are Affecting Blended Cement Scalability: Shortages of fly ash and slag - driven by the phasing out of coal-fired power plants and steel sector downturns - are constraining clinker substitution.Some firms are piloting novel SCMs such as calcined clay, waste glass powder, and volcanic ash, with mixed results depending on regional availability.
Cautiously Optimistic Outlook Tied to Infrastructure, Innovation, and Green Procurement
- Public Infrastructure Investment Will Anchor Global Cement Demand: Government stimulus and resilience funding in the U.S., India, EU, and MEA are expected to drive cement usage through 2026.Cement remains integral to roads, rail, flood defense, logistics, and energy transition infrastructure globally.
- Green Procurement Mandates Will Shape Product and Market Access: Public and institutional buyers are increasingly specifying low-carbon materials under green building codes (e.g., LEED, BREEAM, EDGE). Lifecycle carbon data, EPDs (Environmental Product Declarations), and compliance with regional embodied carbon limits are becoming baseline criteria.
- Innovation Funding and Carbon Finance Will Support Competitive Transition: Multilateral climate finance, green bonds, and ESG-linked loans are enabling capex-heavy cement decarbonization and digital transformation projects.Firms aligning with Science-Based Targets and validated net-zero pathways are securing preferential capital access and procurement advantage.
Risks Are Intensifying Across Supply Chains, Compliance, and Geopolitical Disruption
- Raw Material and Fuel Dependencies Expose Regional Vulnerabilities: High import dependency for clinker, gypsum, and fuel in markets like Bangladesh, the Philippines, and parts of Africa creates supply and pricing risk. Geopolitical tensions (e.g., Red Sea disruption, Russia-Ukraine war) are impacting clinker shipping routes and energy logistics globally.
- Carbon and Environmental Regulation Are Becoming Market Entry Barriers: Firms without verifiable carbon strategies may face exclusion from key procurement channels and public contracts in EU, Canada, and the U.S. Rapidly evolving rules around emissions disclosure and waste management create compliance and reputational risks.
- Uneven Investment in Innovation May Widen Regional Competitive Gaps: Large players with access to green capital and R&D scale are progressing faster in CCUS and low-carbon cement, while smaller firms in emerging markets risk falling behind. Without coordinated industrial policy and financial support, many regional producers may struggle to meet future compliance thresholds.
The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view of emerging business and investment market opportunities.
This title is a bundled offering, combining the following 21 reports (2667 tables and 3465 charts):
- Global Report - Global Cement Business and Investment Opportunities (2020-2029) Databook
- Country Report 1 - Argentina Cement Business and Investment Opportunities (2020-2029) Databook
- Country Report 2 - Australia Cement Business and Investment Opportunities (2020-2029) Databook
- Country Report 3 - Brazil Cement Business and Investment Opportunities (2020-2029) Databook
- Country Report 4 - Canada Cement Business and Investment Opportunities (2020-2029) Databook
- Country Report 5 - China Cement Business and Investment Opportunities (2020-2029) Databook
- Country Report 6 - France Cement Business and Investment Opportunities (2020-2029) Databook
- Country Report 7 - Germany Cement Business and Investment Opportunities (2020-2029) Databook
- Country Report 8 - India Cement Business and Investment Opportunities (2020-2029) Databook
- Country Report 9 - Indonesia Cement Business and Investment Opportunities (2020-2029) Databook
- Country Report 10 - Italy Cement Business and Investment Opportunities (2020-2029) Databook
- Country Report 11 - Kenya Cement Business and Investment Opportunities (2020-2029) Databook
- Country Report 12 - Mexico Cement Business and Investment Opportunities (2020-2029) Databook
- Country Report 13 - Nigeria Cement Business and Investment Opportunities (2020-2029) Databook
- Country Report 14 - Philippines Cement Business and Investment Opportunities (2020-2029) Databook
- Country Report 15 - Russia Cement Business and Investment Opportunities (2020-2029) Databook
- Country Report 16 - South Africa Cement Business and Investment Opportunities (2020-2029) Databook
- Country Report 17 - Thailand Cement Business and Investment Opportunities (2020-2029) Databook
- Country Report 18 - United Arab Emirates Cement Business and Investment Opportunities (2020-2029) Databook
- Country Report 19 - United Kingdom Cement Business and Investment Opportunities (2020-2029) Databook
- Country Report 20 - United States Cement Business and Investment Opportunities (2020-2029) Databook
Scope
This report provides a data-rich, forward-looking analysis of cement industry, covering market size, pricing trends, production, consumption, and segment-level performance from 2020 to 2029. It examines cement demand across key residential, non-residential, and infrastructure sectors alongside granular segmentation by cement type, distribution channel, end-user profile, and city tier.Cement Industry Overview
- Cement Production KPIs: Volume and Value
- Cement Consumption KPIs: Volume and Value
- Average Cement Price Trends: Tracked at overall and cement-type level
Cement Market by Type of Cement
- Portland Cement
- Blended Cement
- Specialty Cement
- Green Cement
Blended Cement Market by Subtypes of Cement
- Type IS(X) - Portland-Slag Cement
- Type IP(X) - Portland-Pozzolan Cement
- IL(X) - Portland-Limestone Cement
- Type IT - Ternary Blended Cement
Specialty Cement Cement Market by Subtypes of Cement
- Rapid Hardening Cement
- High Alumina Cement
- White Cement
- Sulfate-Resistant Cement
- Other Niche Specialty Cements
Cement Market by Key Sector
Residential Construction
- Multi-Family Housing
- Single-Family Housing
Non-Residential Construction
Commercial Buildings:
- Office Buildings
- Retail Spaces
- Hospitality Facilities
- Restaurants
- Sports Complexes
- Other Commercial Properties
Industrial Buildings:
- Manufacturing Units
- Chemical & Pharmaceutical Facilities
- Metal and Material Processing Plants
Institutional Buildings:
- Healthcare Facilities
- Educational Institutions
- Other Institutional Structures
Infrastructure & Other Construction
Cement Market by Distribution Channel
- Direct Distribution (B2B Sales)
- Indirect Distribution (Retailers, Dealers)
Cement Market by End-User
- Ready-Mix Concrete Producers
- Concrete Product Manufacturers
- Individual Consumers (Self-use)
- Other Industrial/Commercial Users
Cement Market by Location Tier
- Tier-I Cities
- Tier-II Cities
- Tier-III Cities
Cement Trade Dynamics
- Key Export Destinations
- Key Import Sources
Competitive Landscape: Cement Market
- Market Share Analysis of Key Players
Reasons to buy
- Access Comprehensive, Segment-Level Market Data: Leverage granular datasets covering cement demand, production, trade flows, and pricing, segmented by product type, end-use sector, and distribution channel.
- Track Growth Across Residential, Commercial, and Infrastructure Segments: Understand how cement consumption varies by construction type and quantify demand shifts driven by policy, urbanization, and investment trends.
- Benchmark Market Performance and Forecasts: Utilize historical data and forward-looking projections to compare performance across countries, regions, and cement categories.
- Identify Market-Specific Risks and Opportunities: Analyze localized demand drivers, cost structures, and trade dependencies to inform investment, sourcing, and pricing strategies.
- Support Strategic Planning with Structured, Reliable Insights: Use standardized data frameworks and comparable KPIs to support executive-level decision-making across commercial, operational, and financial functions.
Table of Contents
1. About this Report
2. Cement Industry Dynamics and Growth Prospects
3. Cement Market Value Dynamics by Type of Cement
4. Blended Cement Type Demand Analysis and Outlook by Value
5. Specialty Cement Type Demand Analysis and Outlook by Value
6. Cement Market Dynamics by Market Value
7. Residential Buildings Cement Market Demand Analysis and Outlook by Value
8. Non-Residential Buildings Cement Market Demand Analysis and Outlook by Value
9. Infrastructure & Other Cement Market Demand Analysis and Outlook by Value
10. Non-Residential Commercial Construction Cement Market Demand Analysis and Outlook by Value
11. Non-Residential Industrial Construction Cement Market Demand Analysis and Outlook by Value
12. Non-Residential Institutional Construction Cement Market Demand Analysis and Outlook by Value
13. Cement Dynamics and Outlook by Distribution Channel by Value
14. Cement Dynamics and Outlook by End-User by Value
15. Cement Dynamics and Outlook by Location by Value
17. Cement Average Price by Type of Cement
19. Cement Market Volume Dynamics by Type of Cement by Volume
20. Blended Cement Type Demand Analysis and Outlook by Volume
21. Specialty Cement Type Demand Analysis and Outlook by Volume
22. Cement Market Dynamics by Market Volume
23. Residential Buildings Cement Market Demand Analysis and Outlook by Volume
24. Non-Residential Buildings Cement Market Demand Analysis and Outlook by Volume
25. Infrastructure & Other Cement Market Demand Analysis and Outlook by Volume
26. Non-Residential Commercial Construction Cement Market Demand Analysis and Outlook by Volume
27. Non-Residential Industrial Construction Cement Market Demand Analysis and Outlook by Volume
28. Non-Residential Institutional Construction Cement Market Demand Analysis and Outlook by Volume
29. Cement Dynamics and Outlook by Distribution Channel by Volume
30. Cement Dynamics and Outlook by End-User by Volume
31. Cement Dynamics and Outlook by Location by Volume
32. Cement Industry Production Dynamics and Growth Prospects by Value
33. Cement Market Production Dynamics by Type of Cement by Value
34. Blended Cement Type Production Analysis and Outlook by Value
35. Specialty Cement Type Production Analysis and Outlook by Value
36. Cement Production Dynamics and Outlook by End-User by Value
37. Cement Industry Production Dynamics and Growth Prospects by Volume
38. Cement Market Production Dynamics by Type of Cement by Volume
39. Blended Cement Type Production Analysis and Outlook by Volume
40. Specialty Cement Type Production Analysis and Outlook by Volume
41. Cement Production Dynamics and Outlook by End-User by Volume
43. Cement Dynamics and Outlook by Trade
44. Further Reading
List of Figures
List of Tables